Trading ended with mixed results on the Jamaica Stock Exchange US dollar market on Tuesday, resulting in exchange of 10 securities, compared to nine on Monday with prices of only one rising, seven declining and two ending unchanged, following a 56 percent decline in the volume of stocks traded, having a 121 percent greater value than on Monday.
The market closed with an exchange of 552,534 shares for US$66,374 compared to 1,260,621 stocks at US$30,005 on Monday.
Trading averaged 55,253 shares at US$6,637 compared to 140,069 stocks at US$3,334 on Monday, with a month to date average of 95,429 units at US$5,073 compared with May, with an average of 71,616 units for US$3,425.
The US Denominated Equities Index declined 3.62 points to conclude trading at 210.24. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.1. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the moderate trading, First Rock Real Estate USD share sank 0.49 of one cent to close at a 52 week low of 1.4 US cents with 3,266 shares passing through the market, Margaritaville dropped 0.7 of a cent to 7.5 US cents with investors trading 3,000 units, Productive Business Solutions shed 5 cents in closing at US$1.20 with 50 stocks clearing the market.